February 7, 2022
Even though i do not have much experience as an invenstor i generally have the point of view that information is power.
If that information is not available to everyone or obscured in a way that transparency is out of reach for the common retail investor the SEC should step in and level the playing field.
Transparency and accessability are key to a fair, healthy and selfregulating market. (not selfregulated)
So a rule about prohibition against fraud and deception - is with no doubt- something that should be implemented.
That being said,
Do these comments influence the result of the rule being implemented or not?
If yes, it should be important to comment - why is that so ? Because if nobody complains, it means it's ok to look away?
isn't that already contrary to the role of oversight the SEC has?
Now that retails is not looking away anymore - maybe actually stop re-proposing this rule and instead- implement it.